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Ahead Of Google Earnings, A Look At Options And Expectations
With everyone's eyes glued to Google earnings after the close, below is a representation of the most active options classes today: the top 3 contracts traded were all near-term (Friday expiration) calls with 550, 540 and 560 strikes. It is not immediately known if investors are setting themselves up bullishly (buying calls) or bearishly (selling calls), although with the price of the entire top 10 complex down, except for the Oct 530 puts, it does appear that bearishness may be dominant. Whether or not the option action is a material factor for Google's underperformance is also not clear.
Keep in mind, in terms of a successful report, investors will be looking for (mean consensus estimate) revenue of $4,248 million and EPS of $5.431 for Q3, a 33.77% increase over Q3 2008. However, what is notable is that over the past 10 quarters, Google has never surprised to the upside based on consensus EPS: maybe the executive committee can take some tips from Steve Jobs on how to manage expectations.
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Canada central bank threatenes QE to protect the loonie
http://www.fundmymutualfund.com/2009/10/nyt-anxiety-in-canada-over-near-...
The race to the bottom in fiat currencies takes a new turn
Pig pile. I'm in.
Americans are going to learn to live without credit cards. Americans will adapt.
But then what will be in my wallet?
Good old green backs, that's what'll be in your wallet.
Good as gold I tell ya. Best thing since sliced bread for buying them there porno magazines so the wife don't see em on the credit card bill, dang it.
Learned that one the hard way. Yes sir, I sure did.
Prepaid debit cards will be used for Internet purchases.
Dollar bills to be used for emergency toilet paper?
Good thing you clarified that for me i was going to eat mine. WOW that would be a mistake.
unfortunately, most people not glued to google.
but rather the 6 year old flying boy (not so much anymore), whose genius parents are graduates of a reality tv show called "wife swap" (apparently on the disney channel so title may be misleading as to exact nature of the show).
ESPN had video this morning of a 9 year old hockey playing boy with a behind the back twirling spin-move goal.
Yup, that's the ticket.
Good beat. What next?
You won't see much comment here on the beat, it doesn't comport to people's views on the economy.
The company did well, but it seems to me like a crappy stock to invest in, as a shareholder you probably will never see a dime other than selling to a greater fool. this company is like CSCO, it exists to enrich employees, not shareholders. You could live for another 40 years and you won't see a dime in dividends out of it. no thanks.
any body tell me which chart service is represented above?
any body tell me which chart service is represented above?
any body tell me which chart service is represented above?
any body tell me which chart service is represented above?
any body tell me which chart service is represented above?
any body tell me which chart service is represented above?
Google missing their target would be HUGE NEWS - because that would spell doom for advertising in general. If they hit or beat - eh, so what?
Point is, right now in the online world, there is Google and nobody else. Every advertiser is looking for 2 things:
Reach (which Google has in spades over everyone)
Low transaction cost (which Google optimizes beyond belief)
Nobody else can do what they do as well as they do it. So most ad dollars are headed their way. It's just going to happen, sadly.
Thus, if they beat expectations, that's to be expected. In a down economy, Google will be the absolute best value.
If they miss....YIKES! Advertising will be in a tailspin, because it means everyone (and I do mean EVERYONE) else is going to miss big time on the revenue side.
easy to determine if bullish or bearish buys - check out the option charts with bid and ask lines. if the majority of sales were at bid...bearish intent. if most at ask...bullish intent.
It costs practically NOTHING for an SLP to write BEAR TRAPS. Call it advertising cost.